By Isaac • September 23, 2026 7:13 am •
Two days can change the mood around Bitcoin. They can also expose whether a rally has real money behind it.
U.S. spot Bitcoin exchange-traded funds pulled in roughly $1.7 billion across Monday and Tuesday, their strongest consecutive two-day intake since January. The surge arrived as Bitcoin moved above an estimated $81,722 cost basis for the average ETF holder, putting that group back in profit for the first time in months.
That combination matters more than either number by itself. A price bounce can be driven by traders closing short positions.
A large wave of net creations across regulated funds points to fresh demand that must be backed by Bitcoin.
Cointelegraph reported that the funds took in
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